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Message Subject
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HELP! Legal Straw Man and Sovereignty UCC-1 theory valid?
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Poster Handle
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Anonymous Coward |
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Do you know if this UCC is used in/by other countries courts where the legal tender is also BankNotes issued by a central bank ? (let's say Germany)
Quoting: dfghj 1512488 If you have a central bank (and Germany does) the UCC applies and is in effect. Quoting: Anonymous Coward 20901334 Do you know of any successful attempt do discharge debt using these “legaleze” in Europe ? (where every country has a central bank and all the legal tender is paper debt aka no gold money) Quoting: gfdsa 1512488 Canada, yes, no first hand info for anywhere else. However, nearly all mortgages are founded upon promissory notes, which are 'monitized' (most likely with the use of a foil star made of GOLD) and put on them and sold for under face value in packages internationally. But, nearly every country, at one time or another issued gold or silver coins or notes backed by a reserve of such coins, in those countries that would most likely be lawful moneyas issued and not debt bearing. Again, since I am NOT a high level banker/insider, I do not know exactly how that works, but I do know the reason for putting a Postage Stamp on promissory notes here is done because the stamps are actual MONEY and give the NOTE at least some real value.(the ones with a Cent or Dollar value on them anyway, FOREVER stamps are NOT money and are, in fact, elastic debt currency).
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